A Welfare-Based Approach to Aggregating Growth Rates across Countries
Son, Hyun H. | February 2011
Abstract
"Aggregating per capita gross domestic product growth across countries has always been a technical problem due to complexities in the relative movements of exchange rates, economic output, and populations. Hyun H. Son introduces a new methodology in aggregating per capita growth rates that does not suffer from the drawbacks of the conventional approach. Using a welfare-based approach, the proposed methodology is shown to be robust with respect to exchange rates and generates weights that always add up to unity, thus avoiding the anomalies inherent in the conventional approach. "
Citation
Son, Hyun H.. 2011. A Welfare-Based Approach to Aggregating Growth Rates across Countries. © Asian Development Bank. http://hdl.handle.net/11540/1507.ISSN
1655-5252
Keywords
Macroeconomic
Macroeconomic Analysis
Performance Evaluation
Impact Evaluation
Economic indicators
Growth models
Gross domestic product
Macroeconomics
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Citable URI
http://hdl.handle.net/11540/1507Metadata
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